Investor Wisdom
Most investing advice is noise. A few lines have survived because they compress something true about markets and temperament into a single sentence. This exhibit collects the ones worth committing to memory — from Graham, Buffett, Munger, Lynch, and Templeton.
8 artifacts · Attributed quotations from well-documented public sources. Each artifact links to its own sourced page.
“In the short run the market is a voting machine, but in the long run it is a weighing machine.” — Benjamin Graham
“Be fearful when others are greedy, and greedy when others are fearful.” — Warren Buffett
“Price is what you pay. Value is what you get.” — Warren Buffett
“The stock market is a device for transferring money from the impatient to the patient.” — Warren Buffett
“The big money is not in the buying and selling, but in the waiting.” — Charlie Munger
“Know what you own, and know why you own it.” — Peter Lynch
“The four most dangerous words in investing are: "this time it’s different."” — Sir John Templeton
“Risk comes from not knowing what you’re doing.” — Warren Buffett